Acct'g 804 Course Outline

Last Revised 12/16/08

The Auditors and the Elephant


Aug. 28 - Week 1: Introduction to the US legal system.

Read Cheeseman, Chapters 1, 2 and 3

Sept. 4 - Week 2: Introduction (cont'd); Procedure, Crimes & Torts

Read Cheeseman, Chaps. 4, 8 and 5

Sept. 11 - Personal Holiday - No Class

Sept. 18 - Week 3: Making Contracts

Read Cheeseman, Chaps. 9 - 13

Court Visit Memo Due

Sept. 25 - Week 4: Enforcing Contracts

Read Cheeseman, Chapters 14 - 16 and Remedies chapter in Encyclopedia of Law & Economics

Oct. 2 - Week 5: Sales Contracts

Read Cheeseman, Chapters 18 thru 20

Oct. 9 - Week 6: Sales and Payments

Read Cheeseman, Chapters 22 thru 25 and The Fraud Tree.

Oct. 16 - Week 7: Debtors and Creditors

Read Cheeseman, Chapters 26 and 27

In-Class Multiple Choice Midterm on Material to Date

Oct. 23 - Week 8: Property and Inheritance

Read Cheeseman, Chapters 7, 47, 48 and 52

Oct. 30 - Week 9: Ideas, Inheritances & Ethics

Read Cheeseman, Chapters 28 and 42, and Regina v. Dudley & Stephens

Nov. 6 - Week 10: Bankruptcy. Agents and Partners

Read Cheeseman, Chapters 29, 30 and 34

Prepare to play the Bankruptcy Game

Nov. 13 - Week 11: Limiting Liability. Corporations.

Read: Cheeseman, Chapters 35, 39, 36 and 37. Dodge v. Ford and Guth v. Loft

Nov. 20 - Week 12: The Accounting Profession.

Read: Cheeseman, Chapter 51. Bonnie Moore v. California State Board of Accountancy, Bily v. Arthur Young & Co., and Why Good Accountants Do Bad Audits (.pdf file)

Pre-Class Optional Multiple Choice Second Midterm on Material since 1st Exam

Nov. 27 - Thanksgiving. No Class.

Dec. 4 - Week 13: Accountants and Securities Regulation

Read: Cheeseman, Chapter 41, Wharf (Holdings) Ltd. v. United Int'l Holdings, Inc., 532 US 588 (2001) and US v. O'Hagan, 521 US 642 (1997)

Dec. 11 - Week 14: Tax Ethics. The Future of the Profession

Read: Shelters & Penalties Conference Notes 7/25/08

Class Project discussion

No Final Exam. Final Papers/Projects are due by the close of business on Thursday, Dec. 18.